CoreView increases stake in Kanzhun Ltd amid market strength
Kanzhun Ltd's stock price fell by 5.86% as it crossed below the 5-day SMA, despite the Nasdaq-100 and S&P 500 showing gains of 0.93% and 0.63%, respectively.
This decline occurs amid CoreView Capital Management's recent acquisition of an additional 298,584 shares of Kanzhun, raising its stake to 24.27%. This investment, valued at approximately $57.48 million, reflects CoreView's confidence in Kanzhun's future growth prospects, especially given the company's reported revenue of $1.09 billion and net income of $304.08 million as of June 30, 2025. Kanzhun's stock has also outperformed the S&P 500 over the past year, indicating strong market competitiveness.
The stock's movement may suggest a sector rotation, as investors reassess their positions in light of broader market trends, even as Kanzhun demonstrates solid fundamentals.
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- Significant Drill Results: Benz Mining's latest drilling at the Icon camp revealed a standout intercept of 27m at 15.33 g/t Au from hole 26CN029 at 229m depth, further validating the model underpinning the Glenburgh Exploration Target and boosting market confidence in its resource potential.
- Enhanced Resource Potential: The Glenburgh Exploration Target is estimated to contain 110-125 Mt at grades of 1.7-1.8 g/t Au, translating to a potential gold content of 6.1-7.3 Moz, indicating substantial growth potential for the project.
- Expansion of High-Grade Zones: Systematic drilling has not only increased mineralized volume but also identified new high-grade positions along the Icon-Apollo trend, suggesting a broader mineralization corridor that enhances the likelihood of resource definition.
- Multi-Faceted Advancement: Benz Mining is accelerating drilling across the Icon, Hurricane, and Thunderbolt camps, with three rigs mobilized to Thunderbolt, aiming to expedite the mineral resource definition at Glenburgh, showcasing a robust market outlook.
- Repurchase Program Execution: On June 25, 2026, KANZHUN repurchased 777,884 ordinary shares for nearly RMB 34 million, demonstrating the company's ongoing commitment to delivering value to shareholders.
- Total Repurchase Amount Surpasses: As of 2026, KANZHUN's total repurchases have exceeded RMB 1.99 billion year-to-date, indicating a proactive strategy in capital management aimed at enhancing market confidence.
- Increased Repurchase Authorization: On March 18, 2026, the Board approved an increase in the total authorization for the repurchase program to US$400 million, extending through August 28, 2027, reflecting confidence in the company's future growth.
- Shareholder Return Policy: The company commits to allocating at least 50% of its adjusted net income for the next three years to dividends and share repurchases, ensuring maximization of shareholder interests while allowing for flexible adjustments based on financial performance and market conditions.
- Shareholder Meeting Resolutions: KANZHUN Limited held its annual general meeting on June 25, 2026, in Beijing, where all proposed resolutions were adopted, reflecting shareholder confidence in the company's future direction.
- Board Re-elections: During the meeting, Mr. Peng Zhao, Mr. Tao Zhang, and Ms. Yang Mu were re-elected as executive directors, while Mr. Yan Li was re-elected as an independent non-executive director, ensuring stability and continuity in corporate governance.
- Share Authorization: The board received a general unconditional mandate to allot additional Class A ordinary shares and repurchase company shares, aimed at enhancing capital flexibility and supporting future expansion plans.
- Amendment of Articles: The adoption of amendments to the company's memorandum and articles of association, including the sixteenth amended version, further optimizes corporate governance, enhances transparency and compliance, and aligns with market development needs.
- Price Range Analysis: KWEB ETF's 52-week low is $24.815 and high is $43.365, with the latest trade at $24.88, indicating volatility and cautious investor sentiment in the current market environment.
- Technical Analysis Tool: Comparing the latest share price to the 200-day moving average can provide valuable insights for investors, helping them assess market trends and potential buying opportunities.
- ETF Unit Trading Mechanism: ETFs trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing significant inflows or outflows, which can affect the underlying stocks held and influence overall market dynamics.
- Wall Street Upgrade: Kanzhun Limited (NASDAQ:BZ) received an upgrade from Bernstein on June 5, 2026, moving from 'Market Perform' to 'Outperform' with a price target increase from $16.50 to $18, indicating strong market confidence in its growth prospects.
- Strong Financial Performance: In Q1 2026, Kanzhun reported revenue of RMB2.0688 billion, a 7.6% increase year-over-year, while net income surged 119.8% to RMB1.1258 billion, largely driven by investment gains, showcasing significant improvements in profitability.
- Accelerated User Growth: As of Q1 2026, Kanzhun's paid enterprise customers reached 7.1 million, up 10.9%, and monthly active users rose to 60.9 million, reflecting the company's increasing market appeal and user retention.
- Optimistic Future Outlook: Kanzhun projects Q2 2026 total revenue between RMB2.38 billion and RMB2.42 billion, representing a year-on-year growth of 13.2% to 15.1%, highlighting the ongoing growth potential in AI applications and recruitment services.
- Repurchase Program Execution: On June 15, 2026, KANZHUN repurchased 656,488 ordinary shares for over RMB 31 million, demonstrating the company's confidence in its stock value and enhancing investor trust.
- Annual Repurchase Total: Year-to-date in 2026, KANZHUN has repurchased over RMB 1.83 billion in shares, indicating a proactive capital management strategy aimed at increasing earnings per share and rewarding shareholders.
- Increased Authorization: On March 18, 2026, the board approved an increase in the total authorization for the existing repurchase program to $400 million, extending it through August 28, 2027, reflecting the company's optimistic outlook on future market performance.
- Enhanced Shareholder Returns: By continuing its stock repurchase, KANZHUN not only boosts shareholder returns but may also enhance earnings per share by reducing the number of shares outstanding, further solidifying its competitive position in the market.









